A Closer Look At Enbridge Inc. (ENB)’s Financials

At the last check on Friday, Enbridge Inc.’s (NYSE:ENB) stock was up $1.01, moving up 2.37 percent to $43.69. The average number of shares traded per day over the past five days has been 6,184,288 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.87 fall in that time frame. In the last twenty days, the average volume was 4,431,257, while in the previous 50 days, it was 4,151,831.

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Since last month, ENB stock retreated -7.48%. Shares of the company fell to $42.02 on 05/12/22, the lowest level in the past month. A 52-week high of $47.42 was reached on 04/05/22 after having rallying from a 52-week low of $36.21. Since the beginning of this year, ENB’s stock price has risen by 9.21% or $4.48, and marked a new high 31 times. However, the stock has declined by -7.87% since its 52-week high.

Valuation Metrics

Right now, Enbridge Inc. (ENB) has a P/E ratio of about 19.06. The stock’s beta is 0.78. Besides these, the trailing price-to-sales (P/S) ratio of 2.33, the price-to-book (PB) ratio of 2.03.

The latest dividend of $0.6690 per share was paid out, which is -0.59% less than last year’s $0.6730. On Wednesday May 4 2022, a $0.0040 dividend decrease was announced.

Financial Health

In the three months ended March 30, Enbridge Inc.’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.29, and the total debt-to-equity ratio was 1.40. On the profitability front, the trailing twelve-month gross margin is 39.30% percent. In the year ended March 30, operating margins totaled 16.20%. Based on annual data, ENB earned $14.66 billion in gross profit and brought in $37.56 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was 10.80%.

In Enbridge Inc.’s quarter-end financial report for March 30, it reported total debt of $54.0 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ENB’s revenue rose 19.28% to $9.55 billion during the quarter, while net income inched up to $11.56 billion. While analysts expected Enbridge Inc. to report $0.65 quarterly earnings, the actual figure was $0.65 per share. During the quarter, the company generated $2.74 billion in EBITDA. The liabilities of Enbridge Inc. were 83.0 billion at the end of its most recent quarter ended March 30, and its total debt was $76.56 billion.

Technical Picture

This quick technical analysis looks at Enbridge Inc.’s (ENB) price momentum. With a historical volatility rate of 34.76%, the RSI 9-day stood at 44.90% on 12 May.

With respect to its five-day moving average, the current Enbridge Inc. price is down by -4.11% percent or -$1.87. At present, ENB shares trade -5.74% below its 20-day simple moving average and +18.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.92% below its SMA50 and +9.93% above its SMA200.

Stochastic coefficient K was 26.13% and Stochastic coefficient D was 18.45%, while ATR was 1.19. Given the Stochastic reading of 42.10% for the 14-day period, the RSI (14) reading has been calculated as 44.64%. As of today, the MACD Oscillator reading stands at -0.74, while the 14-day reading stands at -0.73.

Analyst Ratings

Enbridge Inc. downgraded its rating on Enbridge Inc. (NYSE: ENB) to a Sector perform in a note to investors on February 14, 2022. The analysts firm previously had a Sector outperform rating on the stock.Enbridge Inc. (ENB) has been rated Overweight by analysts. According to 0 brokerage firms, ENB is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Enbridge Inc. stock as buy, with 10 recommending it as overweight.

With a median target price of $47.18, the current consensus forecast for the stock is $41.53 – $52.30. Based on these forecasts, analysts predict Enbridge Inc. (ENB) will achieve an average price target of $46.81.


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